Bullboard - Stock Discussion Forum Paramount Resources Ltd T.POU

Alternate Symbol(s): PRMRF

Energy Oil & Gas E&P

Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized... see more

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TSX:POU - Post Discussion

Paramount Resources Ltd > Good time to buy?

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Post by Janniem on Aug 28, 2024 7:16am

Good time to buy?

I came upon this stock as a recommendation for a dividend stock. Not sure why I haven't seen it before,.. have read through many of your comments. Dividend looks great.. any opinions out there?

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Comment by PlutusofCrete on Aug 28, 2024 9:03am

Don't rush to buy like I did - you MUST wait for a nice red day. Always buy on a RED day. Trust me - I have made a lot of mistakes. Also - never only buy O&G for the dividend - it can be cut if commodity prices stay low for long. I might buy some more in the $25 range.

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Comment by MyHoneyPot on Aug 29, 2024 9:53pm

Looking forward to production increases towards year end, my guess there could be a dividend increase. Zero debt with over 600 million of securities on the balance sheet. Q4 2025 new gas plant and major production increase again, like to pay special dividends. One of the cheapest oil and gas stocks, great entry point will only get more costly from here is my opinion. IMHO

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